Xenous signs MOU to acquire Malaysian agarwood company Dadvance Agarwood Alpha

Xenous Holdings, Inc.

Memorandum of Understanding signed Nov 11, 2022 with Dadvance Agarwood Alpha Sdn Bhd.
Full financial and legal due diligence to be completed; fairness opinion required before proceeding.
Engaged YYC Advisors for independent valuation and Eastnaga Capital Fund Ltd as corporate strategy advisor.
No definitive acquisition agreement yet; board will not proceed without satisfactory due diligence and fairness opinion.

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